Press release
Automotive Heat Treatment Market Will Generate Record Revenue by 2029
The global automotive heat treatment market is anticipated to grow at a considerable CAGR of 3.4% during the forecast period (2023-2030). Heat treatment plays a critical role in enhancing the properties of lightweight materials such as aluminum, magnesium, and others, making components durable and resistant to wear and tear. The growth of the automotive heat treatment market is primarily driven by the increasing demand for safe, fuel-efficient, and low-emission vehicles that can improve overall efficiency and reduce the carbon footprint of vehicles. Market players are investing in R&D activities to develop new heat treatment technologies and expand their production capacities to meet the evolving needs of the automotive industry. For instance, in October 2020, ECM Technologies released new oil quenching furnace system, a safe and efficient heat treatment system that replaced its sealed quench (SQ) or integral quench (IQ) style furnace. The system offers cleaner, safer, and greater performance in comparison to traditional SQ or IQ furnaces. The ECO furnace is an electrically heated system, enabling a greater than 80% reduction in CO2 emissions. It also allows for higher temperatures, thereby enabling increased productivity through greater thought. It allows captive and commercial heat treaters to extend their life and expand the capabilities of their existing sealed quench or integral quench furnace lines.Furthermore, automakers are adopting new materials and advanced manufacturing processes for heat treatment. To cater for such needs, stakeholders have been collaborating to provide new and enhanced solutions to remain competitive in the market. For instance, in July 2022, AddUp, partnered with ECM Group, to develop thermal treatment solutions for additively manufactured parts. The collaboration leads to a development program to define the appropriate specifications for heat treatment solutions adapted to additive manufacturing applications. The ECM Group will design and industrialize a suitable vacuum furnace system according to the specifications defined during this joint development program.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Method
By Material
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including Continental Heat Treating, Inc., NHK Spring Co., Ltd., Schaeffler, Thyssenkrupp AG, ZF Friedrichshafen AG, and others.
Automotive Heat Treatment Market Report Segment
By Method
Hardening
Tempering
Carburizing
Nitriding
Carbonitriding
Others (Annealing, Normalizing)
By Material
Mild Steel
Aluminum
Magnesium
Low Alloy Steels
By Application
Engine and Powertrain
Wheels and Drivetrain
Brakes
Chassis
Suspension
Steering
Others (Gearwheels/Planetary gears, Clutch Parts, Gear Hub)
A full Report of Automotive Heat Treatment Market is Available @ https://www.omrglobal.com/industry-reports/automotive-heat-treatment-market
Automotive Heat Treatment Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Bluewater Thermal Solutions
Borgwarner
Eaton Ltd
Hyundai Steel
F. Heat Treating Inc.
JTEKT Thermo Systems Corp.
Mahle
Robert Bosch GmbH
Rubig GmbH & Co KG
Specialty Steel Treating
Sun Steel Treating Inc
Zion Industries, Inc.
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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